U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~May~~ July 2724, 2003

BUSINESS BANCORP

(Exact name of registrant as specified in its charter)

000-31593

(Commission File Number)

California		33-0884369
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)
1248 Fifth Avenue San Rafael, California 94901 (415) 784-2300
(Address and telephone number of principal executive offices)

1248 Fifth Avenue

San Rafael, California 94901

(415) 784-2300

(Address and telephone number of principal executive offices)

Item 5. Other Events

On May 27, 2003, Business Bancorp issued a press release announcing its second quarter 2003 cash dividend and a five percent stock dividend. The press release, which appears as Exhibit 99.1, is filed and incorporated herein by reference.

Item 7. Exhibits

(c) Exhibits

99.1 ~~Press~~Business ~~Release~~Bancorp ~~dated~~financial ~~May~~results ~~27,~~for ~~2003~~the quarter reended ~~cash~~June ~~dividend and~~30, ~~stock dividend~~2003.

~~SIGNATURES~~Item 9. Regulation FD Disclosure

Pursuant to ~~the requirements~~Item of12, ~~Section~~Disclosure 13of orResults ~~15(d)~~ of Operations ~~the~~and ~~Securities~~Financial ~~Exchange~~Condition, ~~Act~~Business ofBancorp ~~1934,~~ (“the ~~registrant~~ ~~has~~Company”) ~~duly~~is furnishing ~~caused~~as ~~this~~Exhibit ~~report~~99.1 toa becopy ~~signed~~of ~~on its behalf by~~ the ~~undersigned,~~ ~~thereunto~~Company’s ~~duly~~financial ~~authorized,~~results onfor the quarter ~~29th~~ended ~~day~~June ~~of May~~30, 2003.

~~By /s/ Patrick E. Phelan Patrick E. Phelan Executive Vice President / Chief Financial Officer (Principal Financial Officer) (Principal Accounting Officer) Director~~SIGNATURES

2Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on the 28th day of July, 2003.

	By	/s/ Patrick E. Phelan
	Patrick E. Phelan
	Executive Vice President / Chief Financial Officer (Principal Financial Officer) (Principal Accounting Officer) Director

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